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in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a bren company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> absolutely. going back to the apple story, i think the company's meteoric stock rise from its mid-peak to $700 i think reflected disruptive in cycle both in terms of price and unit so the company came in and dominated the tablet market, came in and was creator of snificant value in t smartphone segment. and i think the company has been able to right that cycle, but now, of course, it's on the other side of that mountain, so to speak. so over $200 billion of market cap has been removed. and so the company is looking forward, our best position, as you pointed out, in this undergoing transformation of the technology value chain, our position at the nexus or the intersection of -- in a consumer or cloud, the information, the mobility and social media, so we think the three companies that should benefit longer term are google, amazon and three
's silicon valley, apple, facebook and google, among others, have reinvented the gold rush. but down the road in san jose it's not so pretty a picture. do the math, in an area where one fourth of the population earn an average of about $19,000 a year, rent alone can average morthan $20,000 dollars a year, and that difference adds up to homelessness. we talked to associated press reporter martha mendoza, who brought this story to our attention. >> i've been a journalist in this area for 25 years, and during that time it has gone from having a pretty robust middleclass to being an area where you see this great divide of wealthy and poor, and nowhere do you see that more than in the silicon valley, where 25 years ago this was a place of orchards and farms and ranching and small businesses, and it has completely changed now, so that you have incredibly wealthy people and incredibly poor people and a growing gap. homelessness has increased dramatically. in the shadow of google, in the shadow of oracle, in the shadow of apple computer, you have people who are hungry. >> people had this believe that
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